The 'General Agreement on Tariffs and Trade' was replaced by the WTO in which year? MCQ with Answer and Explanation

Question

Share Report Error

The 'General Agreement on Tariffs and Trade' was replaced by the WTO in which year?

A. 2001

B. 1993

C. 1998

D. 1995

Answer: Option D

Solution (By JKSSB Mock Tests)

The WTO replaced GATT in 1995.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

In the context of behavioural economics, 'Anchoring' refers to:

A. The tendency for quantitative judgments to be influenced by an initially presented value

B. Only the effect of final outcomes

C. Only the use of rational Bayesian updating

D. The complete independence of judgments from any initial values

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Goods and Services Tax' on interest on deposits and loans is:

A. 0%

B. 12%

C. 18%

D. exempt

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Interest on deposits and loans is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Unified Payments Interface' was launched in which year?

A. 2016

B. 2017

C. 2018

D. 2014

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
UPI was launched in April 2016.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs